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April 29, 2025
The economy slowed and grew less than expected in Q1 2025 (0.6% q/q), mainly due to sluggish consumption and weaker-than-estimated investment momentum. Growth was accompanied by higher employment, although with fewer hours worked and mixed signals on productivity.
April 28, 2025
After removing the quarter’s negative seasonal effects, employment rose by 0.7 % QoQ SWDA—0.1 percentage point above Social Security registrations—and hours worked also climbed by 0.2 %. Meanwhile, the temporary employment rate held at 15.6 % SWDA , and the unemployment rate dropped to 10.7 % SWDA .
April 21, 2025
The weight of green skills (i.e. green intensity) in Spain reached 4% in the period 2015-2024, in line with the EU-27 average. The profile of workers with green competences varies by skill type. Those with knowledge in renewable energy or environmental policies tend to be younger and more educated.
April 14, 2025
Formal employment in Mexico shows clear signs of deceleration, reflecting an adverse economic environment marked by domestic and global uncertainties. Although real wages have remained somewhat resilient, job creation faces significant pressures that negatively impact the total wage bill.
April 7, 2025
The latest Social Security enrollment figures for March come as welcome news for the Spanish economy, yet they are also a timely reminder that job creation alone is not enough in itself: we also need it to be more productive.
April 2, 2025
Social Security affiliation increased by 161,500 people, and unemployment fell by 13,300. Seasonally adjusted figures show that contributors rose by 44,000 and the number of unemployed decreased by 8,000. In 1Q25, affiliation grew by 0.6% q/q (0.5% in 4Q24), and unemployment dropped by 1.9% q/q (-1.2% in 4Q24).
March 26, 2025
Activity grew again by 0.8% QoQ in 4Q24, driven by domestic demand despite sluggish external demand. GDP growth was supported by increased hours worked, as productivity declined. Overall, GDP grew by 3.2% in 2024, and BBVA Research forecast growth of around 2.8% for 2025.
March 26, 2025
Green skills account for 4% of employment in Spain between 2015 and 2024, in line with the EU-27 average. However, the profile of workers with green skills varies by skill type. Those with knowledge in renewable energy or environmental policies tend to be younger and more educated.
March 20, 2025
In February, formal employment in Mexico slowed down due to uncertainty stemming from potential U.S. tariffs, negatively impacting business and consumer expectations. Nevertheless, real wages and the real wage bill continue to support consumption.
March 7, 2025
The labor supply in Colombia, defined as the people who choose to participate in the labor market, has undergone three significant changes since 2019. One of them is that there are now more women who are heads of household in the workforce.
March 4, 2025
Social Security affiliation increased by 100,300 people and unemployment fell by 6,000. After seasonal adjustment, it is estimated that the number of contributors grew by 59,000 and the number of unemployed fell by 23,000. The percentage of affiliates with temporary contracts fell.
March 3, 2025
The national unemployment rate in January 2025 was 11.6%, while the seasonally adjusted rate was 9.4%, staying below 10% for the third straight month. The strong performance of the unemployment rate is due to positive labor market dynamics, with employment accelerating its growth since late 2024.
